After pulling out of prior attempts to go public, USDC stablecoin issuer Circle has finally hit the big board. And judging by its opening day, demand was through the roof.Circle saw shares price well above its initial range at $31 and once trading began on the New York Stock Exchange under the ticker CRCL,

USDC stablecoin issuer Circle Internet Group made a powerful and successful public stock debut. The listing is seen as a key step for integrating stablecoins into the global financial system.

That jump amounted to a 175% increase, though by mid-day Circle was trading around $89 a share—which values the company close to $23 billion. Circle is a leading U.S. crypto firm that issues the stablecoin USDC.